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can you please find my error Simon Company's year-end balance sheets follow. at December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant

can you please find my error

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Simon Company's year-end balance sheets follow. at December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, 313 par value Retained earnings Total liabilities and equity Current Yr 3 36,233 135,551 134,364 11,223 341,713 $ 629,352 $ 156,333 116,344 162,533 194,425 $ 629,352 {1-al Compute the current ratio for each of the three years. {1-h} Did the current ratio improve or worsen over the three year period? {2-H} Compute the acid-test ratio for each of the three years. {241} Did the acid-test ratio improve or worsen over the three year period? 1 Yr Age 2 Yrs ago 3 43,322 3 44,296 25,256 63,319 131,455 64,252 11,233 4,923 311,135 233,235 3 542,926 3 443,333 3 91,263 3 63,319 122,33? 99,033 162,533 162,533 166,326 126,123 3 542,926 3 443,333 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period? X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Current Cash + Short-term investments + receivables V Current liabilities Acid-test ratio Current 36,790 + S + 105,551 $ 156,833 0.91 to Yr: 43,872 to 1 Yr Ago: + 11,288 x 4 75,256 $ 91,763 1.42 2 Yrs 44,796 + S 4,928 4 60,319 $ 60,319 to = Ago: 1.82 1

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